Global Docking Station Market 2017-2021
About Docking Station
A docking station is a device on which electronic devices such as laptops, PCs, and smartphones are placed for charging. The global docking station market is expected to witness significant growth during the forecast period. The majority of the demand for docking stations comes from the Americas, which accounted for 47.90% of the market revenue in 2016. EMEA and APAC are also experiencing promising growth and are expected to grow rapidly during the forecast period.
Technavio’s analysts forecast the global docking station market to grow at a CAGR of 5.87 % during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global docking station market for 2017-2021. To calculate the market size, the report considers the total revenue generated from the sales of docking stations by device, sector, and geography.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Docking Station Market 2017-2021
Technavio recognizes the following companies as the key players in the global docking station market: Acer, Apple, Dell, HP, and Lenovo.
Other Prominent Vendors in the market are: Fujitsu, Haier, Hisense, Kensington, Samsung, SilverStone, Targus, and Toshiba.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing market for wireless docking stations. The growing popularity of wireless electronic devices, such as laptops and smartphones, is encouraging docking station manufacturers to design and produce docking stations that can connect to laptops and smartphones wirelessly. Docking stations are becoming important, especially in workplaces, as they provide employees the freedom to use external monitors and other input devices with ease. However, wired docking stations add a constraint to the workplace as they restrict the mobility of users.”
According to the report, one of the major drivers for this market is growing demand for portable workstations. With businesses going global and firms developing IT infrastructure to meet business requirements even while on the move, laptops are facing tough competition from advanced electronic gadgets, such as smartphones, tablets, and phablets. With the growth in self-employment and optimization of workplaces, employers are focusing on providing users with options for working while on the move. Docking stations give users the liberty to operate from different locations, limiting the need to operate from a specific location.
Further, the report states that one of the major factors hindering the growth of this market is compatibility issues. Docking stations are developed using SDKs, which are offered by electronic device providers. As a result, these devices at times are compatible only with a particular platform, such as mobiles or laptops. These devices need to be developed with specifications so that they can be operated or are compatible with different OS. This poses a challenge to vendors because it requires high investments.
Acer, Apple, Dell, HP, Lenovo, Fujitsu, Haier, Hisense, Kensington, Samsung, SilverStone, Targus, and Toshiba.